Seaspan (SSW) Shares Cross Below Book Value

In trading on Monday, shares of Seaspan Corp (SSW) crossed below their last reported book value — defined as common shareholder equity per share — of $21.60, changing hands as low as $21.56 per share. Seaspan Corp shares are currently trading down about 2% on the day. The chart below shows the one year performance of SSW shares, versus its 50 and 200 day moving averages:

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Seaspan Corp Moving Averages Chart

Looking at the chart above, SSW's low point in its 52 week range is $18.86 per share, with $25.10 as the 52 week high point — that compares with a last trade of $21.82.

According to the ETF Finder at ETF Channel, SSW makes up 5.36% of the Guggenheim Shipping ETF ( SEA) which is trading lower by about 1.7% on the day Monday.

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